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3Cnergy Living Sdn. Bhd. to provide aged care cent
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Joelton
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27-Jan-2024 10:55
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ProsperCap rises 15.8% on Catalist debut
 
SHARES of ProsperCap Corporation : PPC +15.79%, formerly known as 3Cnergy, rose 15.8 per cent in early trading on Friday (Jan 26).
 
As at 9.29 am on the day of its trading debut, the counter had gained S$0.03 to reach S$0.22 with 47.1 million shares changing hands. The last time the counter traded at this level was on Jan 4.
 
The listed entity was renamed following completion of a reverse takeover deal with Thai conglomerate DTGO, which involved 3Cnergy acquiring a portfolio of hospitality assets in the UK.
 
Completed this month, the deal involved 3Cnergy acquiring DTP Infinities from DTP Inter Holdings for S$443.8 million worth of new shares. The company issued 1.34 billion new shares at S$0.33 each.
 
DTGO now has an 84.8 per cent stake in ProsperCap, which now has a market capitalisation of just over S$350 million.
 
For the six months ended Jun 30, 2023, DTP Infinities&rsquo hospitality portfolio registered a net profit of about £ 27.8 million (S$47.4 million).
 
Catalist-listed 3Cnergy had previously owned three parcels of land in Malaysia. After selling this land in 2022, the company had been on the lookout for new business opportunities.
 
Iqbal Jumabhoy, chief executive officer and executive director of ProsperCap, commented on the debut: &ldquo The group intends to leverage the extensive network of the DTGO Group, as well as its relationships with third parties, to acquire currently operational and revenue-generating hospitality or lodging assets such as hotels, serviced apartments, or purpose-built student or worker dormitories all over the world.&rdquo  
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Joelton
Supreme |
24-Jan-2024 10:52
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DTP Inter Holdings completes RTO of 3Cnergy, to trade as ProsperCap from Jan 26
DTP Inter Holdings Corporation has completed the reverse takeover of 3Cnergy , morphing into a company that owns dozens of hotels in the UK.
 
The new entity will commence trading as ProsperCap on Jan 26.
 
To fund the RTO, 3Cnergy has issued 1.3 billion shares at the issue price of 33 cents to DTP Inter Holdings, a unit of Thailand-based conglomerate DTGO Corp.
 
To meet minimum free float requirements, the company has also issued 210 million new shares at 33 cents, raising gross proceeds of $69.3 million. 
 
CEO and executive director of ProsperCap Iqbal Jumabhoy calls the milestone the beginning of a new and exciting chapter. " We look forward to the strong support from DTGO Corporation," he adds.
 
Hansa Susayan, DTGO' s business group chairman - finance and investments, calls Singapore an ideal location for DTGO Corporation to move toward its next strategic milestone.
 
" Using a reverse takeover strategy to establish the listing of ProsperCap on the Catalist Board of the SGX enabled us to move efficiently and quickly while still benefiting from the assurance of governance and transparency that Singapore is known for,&rdquo he adds.
 
PrimePartners Corporate Finance is the sponsor and financial adviser for the RTO, as well as the placement agent for the compliance placement. It will also be the sponsor of ProsperCap following the RTO.
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newbie1118
Veteran |
05-Jan-2024 08:53
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Thx
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Caesar
Veteran |
04-Jan-2024 23:38
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The same ... 3Cnergy Ltd
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newbie1118
Veteran |
04-Jan-2024 22:41
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Now listed under what name?
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Caesar
Veteran |
04-Jan-2024 16:13
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Okay. Thanks! Price below 20cts, not worth it.
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SmallSmall
Supreme |
04-Jan-2024 16:12
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Strange now jump to bid $0.25 in buying-in market
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SmallSmall
Supreme |
04-Jan-2024 16:10
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NOw SGX buying in price is $0.193. Will jump by 2 ticks every 10 min
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Caesar
Veteran |
04-Jan-2024 15:51
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Any idea what is the SGX buyin price?
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SmallSmall
Supreme |
04-Jan-2024 15:25
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Buying-in by SGX later 110,300. This translates to a whopping 11,030,000 sold on cum basis price. Don' t think there will be any seller willing to sell at below $0.20 as the bulk of the shares were transacted at $0.002 and $0.003 just prior to 100 to 1 consolidation.   |
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Johnsnow
Master |
29-Dec-2023 12:24
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What is what now if I have 100 000 shares | ||||
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ThroneKingdom
Senior |
29-Dec-2023 09:00
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is today ? why the buy price 0.18 (XE) ? 100 shares become 1 share 100,000 shares become 1,000 shares meaning $100 become $180? so good lobang meh
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newbie1118
Veteran |
27-Dec-2023 22:08
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Anybody knows when will the share consolation taking place? | ||||
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Johnsnow
Master |
27-Dec-2023 21:11
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100 percent cannot buy 2ait after consolidate first
100 become 1
100,000 become 1000 shares
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Joelton
Supreme |
27-Dec-2023 17:51
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3Cnergy shareholders approve RTO of DTP Infinities
 
SHAREHOLDERS of Catalist-listed 3Cnergy approved the reverse takeover (RTO) of hospitality player DTP Infinities at an extraordinary general meeting on Tuesday (Dec 26).
 
Almost all shareholders voted for the RTO except for 0.01 per cent or 129,100 out of 2.4 billion shares. As part of the RTO, 3Cnergy will be renamed Prosper Cap and will be led by Iqbal Jumabhoy as chief executive and executive director.
 
DTP Infinities has a portfolio of 17 hotels in the United Kingdom, with two in Scotland and the rest in England. The assets are managed by Valor Hospitality Europe, and operate under franchise agreements with brands such as Hilton, IHG and Marriott.
 
All 19 resolutions were unanimously approved by shareholders including a 100 to one share consolidation to reduce the share capital to 30.7 million shares from 3.1 billion shares. Up to 211 million new shares will be issued to meet minimum public float requirements.
 
&ldquo Our strategic roadmap involves fortifying our portfolio through strategic investments in operational and revenue-generating properties for hospitality or lodging-related uses,&rdquo said Jumabhoy.
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Johnsnow
Master |
10-Dec-2023 11:28
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Then I don't touch , saw buying at 2 and 3 thought is good
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SmallSmall
Supreme |
09-Dec-2023 16:41
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Share consolidation 100 to 1. You say leh.....  
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Johnsnow
Master |
09-Dec-2023 14:48
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Look good enter on Monday?
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Joelton
Supreme |
09-Dec-2023 11:50
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3Cnergy shareholders to vote on S$443.8 million RTO deal with DTP Infinities on Dec 26
CATALIST-LISTED 3Cnergy : 502 +200% on Thursday (Dec 7) said it will seek shareholders&rsquo approval at an extraordinary general meeting on Dec 26, for its reverse takeover (RTO) deal involving UK hospitality player DTP Infinities.
 
3Cnergy plans to acquire DTP Infinities for S$443.8 million from DTP Inter Holdings, to be satisfied through allotting and issuing new shares. The actual consideration will be dependent on the updated net valuation and net debt of DTP Infinities and its subsidiaries.
 
The enlarged group, to be renamed Prosper Cap Corporation, will be led by Iqbal Jumabhoy from the famed Jumabhoy family. He will take on the role of chief executive and executive director, and work alongside a new board of directors.
 
As part of the proposed deal, 3Cnergy will consolidate every 100 existing shares into one consolidated share to reduce outstanding shares to 30.7 million from 3.1 billion. It will then issue up to 1.3 billion new shares at S$0.33 apiece to DTP Inter Holdings for the purchase of DTP Infinities.
 
Up to 211 million new placement shares will also be issued to meet the minimum free-float requirement, raising net proceeds of around S$67.5 million. This amount will be used to repay shareholder loans, fund its asset enhancement plans and capital expenditures, and for general working capital purposes, 3Cnergy noted.
 
DTP Infinities owns a portfolio of 17 mostly-upscale hotels in the United Kingdom. Two are in Scotland and the rest, in England. The assets are managed by Valor Hospitality Europe and operated under franchise agreements with hotel brands such as Hilton, IHG and Marriott.
 
For the six months ended Jun 30, the hospitality player posted a net profit before tax of £ 27.8 million (S$46.8 million) from a net loss before tax of £ 11 million in the year-ago period. Revenue rose 17.4 per cent to £ 68 million from £ 57.9 million.
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Joelton
Supreme |
14-Jun-2023 10:40
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Catalist-listed 3Cnergy to be the target of reverse takeover by DTP Infinities
 
CATALIST-listed 3Cnergy has entered into a conditional share purchase agreement with DTP Inter Holdings on Tuesday (Jun 13) which entails 3Cenergy disposing of its existing business and issuing new ordinary shares to DTP Inter Holdings.
 
The estimated consideration for the transaction is S$389.25 million. This is to be satisfied by the allotment and issue of new ordinary shares in 3Cnergy in consideration for the sale and transfer by DTP Inter Holdings to 3Cnergy of all the shares in DTP Infinities.
 
DTP Infinities is a subsidiary of DTP Inter Holdings, an investment holding company incorporated in Singapore.
 
DTP Infinities is a private company incorporated in the Cayman Islands on Jul 25, 2019. It has an issued and paid-up share capital of US$1,000 and its directors are Hansa Susayan, Wanida Suksuwan and Warunya Punawakul. The company invests in hospitality assets in the United Kingdom and is currently loss-making.
 
The estimated consideration for the reverse takeover takes into account the valuation of DTP Infinities, at about S$1 billion after deducting S$619.3 million, which is its estimated net debt.
 
3Cnergy said in its bourse filing that it believes the proposed acquisition would be good for the company, having considered the quality of assets DTP owns, existing shareholder loans capitalisation, the prospects of the hospitality industry and DTP&rsquo s business.
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